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LARGE-SCALE PROJECT VOLTA
Alghanim secures $1bn EPC deal for Abu Dhabi utilities plant
Alghanim International, a leading engineering, procurement and construction contractor based in Kuwait, has announced that it has been awarded a major EPC contract worth $1 billion for Project Volta, a new cogeneration utilities plant in Abu Dhabi.
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ELECTRICITY LEADS DEMAND
Global energy demand growth surges to twice of recent average
Global energy demand grew at a faster-than-average pace in 2024 as the consumption of electricity rose around the world – with increased supply of renewables and natural gas covering the majority of additional energy needs, according to a new IEA report.
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FIRM SET FOR GROWTH IN SPAIN
Masdar expands Endesa ties with $397m renewable deal
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, has announced an agreement with Endesa to acquire a 49.99 percent stake in four solar plants in Spain, with a total capacity of 446 megawatts (MW).
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ANALYSIS
UAE economy resilient amid global trade war, says expert
As uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. However, UAE’s economy remains resilient thanks to stable investment climate and strong global ties.
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INSIGHT
Energy leaders’ net-zero optimism fades as focus shifts to ROI
Despite record-breaking global investments in clean energy last year, the leaders of the companies tasked with delivering on the transition have become less optimistic about when the world will achieve net-zero carbon emissions, according to a survey.
Top Trade News
 | Industry Sectors |
Iraq breaks ground on new $500m waste-to-energy plant
Iraq has announced the ground-breaking of its first waste-to-energy project in Baghdad being set up at an investment of $500 million. On completion, it will generate 780 million kWh of green electricity that can meet power demands of 10 million people.
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PIF launches first Saudi-owned duty-free retailer
Saudi Arabia's sovereign wealth fund PIF has announced the establishment of Al Waha Duty-Free Company, a premium travel retailer. The first Saudi-owned duty-free operator, Al Waha will develop luxury retail outlets in select locations across the country.
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Aramco launches KSA's first CO2 direct air capture test unit
Aramco, one of the world’s leading integrated energy and chemicals companies, has launched Saudi Arabia's first CO2 Direct Air Capture (DAC) test unit, capable of removing 12 tons of carbon dioxide per year from the atmosphere.
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HK investment deal to boost Bahrain financial sector
The Investment Promotion and Protection Agreement inked between Bahrain and Hong Kong comes into effect today, thus reflecting the growing ties between the two countries, particularly in the financial, economic and investment sectors.
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Businesses 'keen to use digital tech for sustainable development'
Over three-quarters of businesses (76%) across Asia, Europe, and the Middle East are focused on the potential of digital technologies, including AI and cloud computing, in driving sustainable development, according to a new study."
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Top Saudi show Automechanika Riyadh fully sold out
Saudi Arabia’s leading trade show for automotive aftermarket sector, Automechanika Riyadh, has officially sold out six weeks before the event. The seventh edition will feature 39 Saudi exhibitors, including several first-time and returning participants.
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Heathrow resumes ops after shutdown causes travel chaos
London's Heathrow Airport has resumed full operations a day after a major fire shut down Europe's busiest airport, causing global travel chaos. Some flights were cancelled or delayed as the travel industry scrambled to fix battered airline schedules.
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HP unveils 80 products and services ' designed to shape future of work'
HP has announced new products and services designed to shape the future of work, empowering people and businesses to create and manage their own way of working.
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Meraas awards $544m contract for Dubai Design District project
Meraas, a unit of Dubai Holding Real Estate, has awarded a AED2 billion ($544 million) contract to Arabian Construction Co for its prime project - Design Quarter at d3 - which includes the first residential community within the Dubai Design District.
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Enoc, RTA collaborate on green hydrogen mobility solutions
Enoc Group has signed a trial agreement with Roads and Transport Authority (RTA) to explore the feasibility of green hydrogen-powered mobility solutions in Dubai. Under this, ENOC will supply green hydrogen fuel to RTA's city buses.
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50 million sign call for clean air action for better health
More than 47 million health professionals, patients, advocates, representatives from civil society organisations, and individuals worldwide have signed a call for urgent action to reduce air pollution and to protect people’s health.
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First 'Made in Bahrain' satellite Al Munther launched
In a landmark moment for the Kingdom of Bahrain, the National Space Science Agency (NSSA) said it has successfully launched "Al Munther", the nation’s first domestically designed and built satellite onboard a SpaceX Falcon 9 rocket at a US base.
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StartUp in partnership deal to boost Bahrain SMEs' digital growth
StartUp Bahrain, a leading platform for startups in the kingdom, has signed a strategic partnership with ordable/, a pioneering business management platform designed to enhance operational efficiency and support the digital growth of SMEs in the region.
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Forbes unveils Mideast Top 40 influential money movers list
Forbes Middle East has unveiled its Top 40 Asset Managers list, spotlighting the region’s most influential leaders shaping the investment landscape. Collectively, they managed over $439 billion in assets in 2024 spanning equities, debt funds and REITs.
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